SALT LAKE CITY, Feb 22, 2006 (BUSINESS WIRE) -- Fonix Speech Inc., a wholly owned subsidiary of Fonix Corp. (FNIX) specializing in embedded speech interfaces for mobile devices, handheld electronic products, and systems and processors, announces its Fonix DECtalk text-to-speech (TTS) on three new electronic dictionaries marketed in Korea and manufactured by Casio Computer Co. Ltd., a leading device manufacturer headquartered in Tokyo. Casio estimates the total volume of the electronic dictionary market in Korea for 2006 will be more than 1.2 million. Fonix will receive unit royalties from each device sold.
Fonix DECtalk TTS is embedded on Casio's new EW series of electronic dictionaries, which will be available in Korea via local-area retailers at the end of February. The devices are targeted to university students, junior high and high school students, and businesspersons seeking to improve their foreign language skills. Fonix's TTS-based solution "speaks" to the device user, demonstrating how to pronounce English words or phrases using Fonix text-to-speech.
"Casio has done a great job of marketing their electronic dictionaries to students and others hoping to improve their language skills," says Walt Nawrocki, senior VP and GM, Fonix Speech. "Based upon the popularity of speech-enabled Casio dictionaries in Japan, Fonix hopes the devices will quickly catch on in the Korean market as well. Fonix is pleased to be Casio's TTS of choice and looks forward to continuing our relationship."
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This is making some nice moves this morning. Up 17% at .024. Previous close was at .0205.
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